OpenAI CEO Sam Altman has proposed donating 5% of the company’s equity to a US sovereign wealth fund, the Financial Times reported on Thursday, citing two people familiar with the matter. Under the proposal, other AI companies would donate similar stakes, although significant questions remain over the details. According to the Financial Times report, the
Early-stage company Magnify Ventures has raised $46.6 million for its second LP fund, including Melinda French Gates’ Pivotal Ventures. Founded in 2021 by Joanna Drake and Julie Wroblewski, Magnify invests in companies focused on the care economy, such as those creating assistive robotics, family cybersecurity, and artificial intelligence for home use. The firm said Fund